TrueMark & Eagle Global Advisors Launch TrueShares Eagle Global Renewable Energy Income ETF (Ticker: RNWZ) Targeting Renewable Energy Infrastructure. The RNWZ ETF is a concentrated actively-managed portfolio of companies we believe to be leading the global transition to clean energy.
Chicago, IL-based asset manager TrueMark Investments and Houston, TX-based Eagle Global Advisors announce the launch of the TrueShares Eagle Global Renewable Energy Income ETF (Ticker: RNWZ), which began trading on the New York Stock Exchange today. This actively-managed ETF is designed to offer investors core renewables exposure and income, and seeks long-term growth of capital by investing in renewables infrastructure companies that are providing value through accelerating the global transition to clean energy.
“The RNWZ ETF is a great vehicle for investors to gain access to the global megatrend created by declining renewables costs and global efforts at decarbonization.” said Michael Cerasoli, CFA, Portfolio Manager of the RNWZ ETF at Eagle Global. “Above and beyond the environmental characteristics, the next generation of renewable infrastructure companies are laying the groundwork necessary to restructure power grids and commercialize the utility of solar, wind, hydro and biomass alternatives that have more runway and tailwinds than ever before.”
“We’re extremely excited to partner with an Energy manager of Eagle Global’s caliber. Given the ongoing tailwinds in the renewable energy infrastructure industry, their wealth of experience in the sector gives us confidence that RNWZ is in capable hands.” said Michael Loukas, CEO of TrueMark Investments. “From an investment perspective, we believe that this concentrated portfolio has the potential to produce a steady current income stream coupled with the possibility of meaningful future upside.”
The resulting RNWZ portfolio is made up of 25-30 owners and operators of renewable infrastructure. RNWZ’s expense ratio is 0.75%.
“We’re thrilled about the launch of the RNWZ ETF,” Cerasoli said. “The recent passage of the Inflation Reduction Act (IRA) is a jolt of energy to the transition to renewables power generation. We’re confident that continuing down this path will lead to more sustainable infrastructure and an exciting transition to cleaner energy alternatives.”
Learn more about TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at the link below:
About TrueMark Investments
At TrueMark, we serve investors with ETFs that deliver true exposure to thematic, modern economy asset classes, strategies, and industries. We pair investment expertise with industry knowledge and experience, partnering with third parties we believe are specialized, highly qualified industry experts to power investment management decisions.
About Eagle Global Advisors
Eagle Global Advisors, LLC is a registered investment advisor located in Houston, Texas. The firm was founded in 1996 and is 100% owned by its employees. Eagle’s primary investment strategies are US equity, International equity and energy infrastructure. Eagle began managing energy infrastructure strategies in 2003, adding its first renewables infrastructure strategy in 2017. Eagle has a dedicated team
of energy infrastructure professionals that have built an investment process that is disciplined and repeatable resulting in a solid and consistent track record. Eagle serves institutions and individuals as well as a wide range of financial intermediaries.
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Before investing, carefully consider the TrueShares ETFs investment objectives, risks, charges and expenses. Specific information about TrueShares is contained in the prospectus and a summary prospectus, copies of which may be obtained by visiting www.www.true-shares.com. Read the prospectus carefully before you invest.
The Fund may not achieve its objective and/or you could lose money on your investment in the Fund. The Fund is recently organized with no operating history for prospective investors to base their investment decision which may increase risks. Some of the Fund’s key risks, include but are not limited to the following risks. Please see the Fund’s prospectus for further information on these and other risk considerations.
ETF Risks. As an ETF, the Fund is exposed to the additional risks, including: (1) concentration risk associated with Authorized Participants, market makers, and liquidity providers; (2) costs risks associated with the frequent buying or selling of Fund shares; (3) market prices may differ than the Fund’s net asset value; and (4) liquidity risk due to a potential lack of trading volume.
The TrueShares Eagle Global Renewable Energy Income ETF is also subject to the following risks:
Associated Risk of Investing in Renewable Infrastructure Companies. Because the Fund invests in Renewable infrastructure Companies, the value of Fund shares may be affected by events that adversely affect companies in that industry. These can include contract counterparty defaults, adverse political and regulatory changes, poor weather conditions for renewable power generation, falling power prices, losses on financial hedges, technological obsolescence, competition and general economic conditions.
Currency Exchange Rate Risk. Changes in currency exchange rates and the relative value of non-U.S. currencies will affect the value of the Fund’s investment and the value of your Shares.
Foreign Securities Risk. Investments in non-U.S. securities involve certain risks that may not be present with investments in U.S. securities. For example, investments in non-U.S. securities may be subject to risk of loss due to foreign currency fluctuations or to political or economic instability.